Aigrette Financing (Issuer) Plc Anglian Water Board announces the planned retirement of Peter Simpson

 
TIDMBB31 
 
Anglian Water Services ("Anglian Water" or "the Company") announces that Peter 
Simpson has informed the Board that he would like to retire after a decade as 
Chief Executive Officer (CEO). 
 
31 October 2023 
 
The Board will now commence a rigorous process to appoint a successor who will 
lead the Company into the next five-year price review period (AMP 8). It is 
envisaged that this process may take around a year. Peter will continue as CEO 
until his successor is appointed and will support a smooth transition following 
their appointment. In the meantime, Peter will continue to focus on delivering 
the current strategy of the Company, supported by the executive team. 
 
Peter Simpson joined Anglian Water in 1989, was appointed COO of Anglian Water 
in 2004 and became Managing Director of Anglian Water in 2010. He was appointed 
as CEO of Anglian Water Group in October 2013. During his time as CEO, Peter has 
overseen the embedding of the Company's purpose to bring environmental and 
social prosperity to the region which has also been formalised by changing the 
Company's Articles of Association. 
 
Peter has been responsible for driving national standards for water supply 
resilience and new approaches to the strategic planning for water. This approach 
now underpins Anglian Water's smart metering, networks, strategic 
interconnectors, planned new reservoirs and the multisector approach to planning 
for water through Water Resources East. 
 
Peter has also driven an ambitious approach to reducing the carbon footprint of 
the Company and ensuring it adapts to a changing climate. He also positioned UK 
water as a global leader in terms of mitigation and adaptation at COP26 by 
showcasing Future Fens Integrated Adaptation (FFIA). 
 
Dr Ros Rivaz, Anglian Water's Chair Designate said: 
 
"The Board would like to take this opportunity to pay tribute to the outstanding 
contribution Peter has made to Anglian Water. He has worked with great passion 
and energy, and we have been very fortunate to have had his vision, drive and 
commitment. 
 
Peter has successfully navigated significant challenges for the business during 
a period of considerable challenge for the sector. He has guided the business 
through the Covid pandemic and responded to substantial changes in the 
regulatory environment. As a result of Peter's leadership, the Company is now 
well placed to address the challenges of AMP 8 and can continue to deliver on 
its commitments to customers and the environment. 
 
Peter's decision to announce his planned retirement allows for an orderly 
process to appoint a new Chief Executive for Anglian Water." 
 
Peter Simpson, CEO said: 
 
"Anglian Water has been a big part of my life and my decision to retire has been 
taken with mixed emotions. It has been a privilege to serve as the Chief 
Executive of Anglian Water over the past decade and I am proud of everything we 
have achieved. It has been a remarkable team effort by colleagues throughout the 
business. I have also benefitted hugely from the support of the Board and from 
the commitment of the long-term owners of the business. 
 
I remain fully focussed on delivering the current strategy of the business, in 
partnership with the executive team and with our many stakeholders, and to 
supporting the transition to a new Chief Executive." 
 
For media inquiries please contact: 
 
Headland Consultancy 
 
Andy Rivett-Carnac: 07968 997365 
 
Antonia Pollock: 07789 954356 
 
For investor inquiries please contact: 
 
Fraser Campbell: 07890 965226 
 
 
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(END) Dow Jones Newswires

October 31, 2023 03:00 ET (07:00 GMT)